IREN closes $1 billion convertible notes offering
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IREN Closes $1.0 Billion Convertible Notes Offering
October 14, 2025 4:02 PM EDTNEW YORK, Oct. 14, 2025 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (IREN) today announced the closing of its offering of $1.0 billion aggregate principal amount of 0.00% convertible senior notes due 2031 (the notes) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act).
Key details of the transaction
Oversubscribed $875 million offering, plus fully exercised $125 million greenshoeNet proceeds of approximately $979.0 million0.00% coupon, 42.5% conversion premiumNo put option for investors in the notes... More